Last weekend, I spent my Saturday sharing my 8 years journey in e-commerce since AirAsia first allowing Maybank2U payment on their website back in 2005.
I have uploaded my e-commerce seminar slides on Slideshare.net so that you can have a glimpse of what I presented. It is in Bahasa Malaysia but I presented in mix Bahasa and English.
If you or your business/organisation would like to invite me for a day seminar on e-commerce or personal coaching, please fill up the follow form so that my PA can call you:
I recently joined the Malaysia Apple Trader group looking to trade new phones and laptop. And I found someone shared a picture of identifying fake ATM slip (Maybank as shown in the picture below):
This will be relevant to those who are trading online and since I’ve posted about the disadvantage of Maybank2u and CIMB Clicks for manual ecommerce business.
Investing in the right platform to allow you and your customer to trade safely online is crucial. Although I can tell from the slip, but still, I want a piece of mind. Security and assurance.
So, I’m offering 50% off to those who are still trading manually and get a simple e-commerce solution for your business. Offer valid until 31st January 2013.
Remember, security and assurance for you and your seller!
What I am going to reveal to you will make some people feel unpleasant. And those who have been using it for quite sometime will realise the truth of it.
If you are selling stuff online and expect people to bank in the deposit or payment by giving them your bank name, account name and account number, you will agree that:
You do not know exactly who banked-in / deposit your money to you
Recently, I launched my ebook and start accepting pre-order with the price RM 22.00 and this is what I’ve got from my Maybank transaction history:
Truth be told,
- I don’t know from my Maybank2U online statement, I don’t know who make payment through 3rd party transfer. I have no info about the payment made except the date and amount.
- No idea who deposited the money via Cash Deposit Machine.
- But I know who transferred the money via his/her ATM card.
For CIMB, at least it is slightly better, I can see the name and time to double check it.
If I’m a bad buyer, I can “fake” my transaction. How?
- Get a photo editing software
- Edit a transaction slip (Change name, amount, generate random transaction number, time, etc)
- Email it to the seller
The seller cannot argue since he/she cannot verify if the transaction is valid (especially Maybank).
So, how do I fix this issue?
If you’re a merchant or seller, get an e-commerce platform. Or at least something simple like this ebook form which combined with payment gateway.
Why this method works?
- Most importantly, you don’t have to check your Maybank2U or CIMB Clicks every single time your buyer pays.
- You can automatically get notification from the payment gateway provider if they payment gone through.
- You can verify the info of the buyer (Name, Phone Number, Time, Email is provided)
- You can automate the delivery of the product (especially digital product like ebook)
Get the above solution by signing up to my Personal Coaching (E-Commerce) programme or sign up to my Simple Ecommerce Platform. (SEP).
If you’re starting out an e-commerce site or blogshop, you would probably looking for options other than iPay88 to accept payment for your products or service online.
Truth be told, I’ve been looking for a good option other than iPay for few good reasons:
- iPay88 took a lot of transaction fees (4%)
- Website owners (merchants) are charged with setup cost
- Maintenance fees (yearly) for SME Plan
Discover the alternative to iPay88, Webcash payment gateway for Malaysia
I was working in Cyberjaya back in 2011/12 and discovered “Webcash”. It is basically a web payment switch that allow you to collect payment from credit cards (Visa & Master Card) and various local bank such as:
- CIMB Clicks
- Public Bank
- Standard Chartered
- Bank Islam
- Hong Leong Bank
- Affin Bank
Although it is similar to iPay88, Webcash offers:
- 2% transaction fees
- No setup cost
- No yearly maintenance fees
But why don’t Webcash be a serious competitor to iPay88?
Two reasons which I can conclude, they are only providing the payment switch. Secondly, they are developer-friendly.
What Webcash can be integrated with?
I’ve worked with couple of sites and it has been integrated and tested working with:
- Gravity Forms
- Event Espresso
I wrote the modules and plugins to allow Webcash to work with the above platform and tools. And it working fine. The server is fast and notifications of payment sent by Webcash instantly reach the merchant and buyer’s inbox.
I don’t have a plan to release it to the public yet. But if you are interested, you can contact me by filling up the form below. Thank you!